Following a request to MONEYVAL by the Islamic Development Bank (IsDB) to obtain observer status, the Committee of Ministers of the Council of Europe, as the superseding body to MONEYVAL, considered and agreed with this request. The decision implemented through an amendment to the Statute of MONEYVAL has become effective as of 5 October 2022.

The Islamic Development Bank is a multilateral development bank based in Jeddah, Saudi Arabia, with experience in anti-money laundering and combating the financing of terrorism (AML/CFT) issues as an observer to several FATF-style regional bodes. MONEYVAL is looking forward to fruitful cooperation with the IsDB.